The “optimisation” of the French inventory clearance specialist's “geographical footprint,” announced after the recent share capital increase, is under way in Germany, Poland and the UK, sources told FashionNetwork.com.

Dirk-Jan Stoppelenburg, the CEO of Scotch & Soda, is planning to step down as chief executive and take a new role as chairman of the board. He will continue to lead the brand until a successor is appointed.

EU efforts to reform copyright rules hit a roadblock on Monday as a meeting of lawmakers and officials was called off, prompting criticism of Google after it and other tech giants lobbied against the changes.